Comments on: What the Mortgage Deal Reveals About The Obama Administrationhttp://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html
Fearless commentary on finance, economics, politics and powerSun, 02 Aug 2015 22:29:09 +0000hourly1http://wordpress.org/?v=4.2.2By: Jaimehttp://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-630578
Sun, 12 Feb 2012 20:47:35 +0000http://www.nakedcapitalism.com/?p=25088#comment-630578I don’t think Bill Black would be interested in running for office. But I think he would be interested in being an effective regulator: http://www.capitalismwithoutfailure.com/2011/12/capitalism-without-failures-realistic.html
]]>By: ChrisPacifichttp://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-629689
Sat, 11 Feb 2012 23:14:06 +0000http://www.nakedcapitalism.com/?p=25088#comment-629689The way to get to the top in the US political system is not by doing the right thing. It’s by doing whatever the wealthy lobby groups want, and spending the money gained thereby on spin and marketing to convince the public that the thing you just did was the right thing.

Expect this settlement to be sold aggressively to the voting public as a Good Thing For You in the weeks and months to come. Throw enough money at it and it’s likely to work – it did for the Iraq invasion.

The only antidote to this is a more informed electorate that thinks about what’s going on instead of just swallowing the official line. (That and reform of the political system, but that one comes back to an informed electorate as well as it’s not going to reform itself). Sites like NC and people like Yves and Ed are a crucial part of this.

]]>By: reslezhttp://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-629599
Sat, 11 Feb 2012 21:02:08 +0000http://www.nakedcapitalism.com/?p=25088#comment-629599The banksters get one last dig into the public purse at $500 per household.

I have no idea why you think this is the last dig.

The banks aren’t going away or anything. There are still millions of houses to steal, pensions to plunder, and local businesses to shutter. This is just the beginning.

]]>By: krishttp://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-629397
Sat, 11 Feb 2012 17:02:32 +0000http://www.nakedcapitalism.com/?p=25088#comment-629397Right now there is a merging of Banks and State.
In Russia there is a merging of Commodity Owners and State. They call it OLIGARCHY.
Similarly, in USA, it can be called BANKING OLIGARCHY.
]]>By: aletheia33http://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-629363
Sat, 11 Feb 2012 16:18:26 +0000http://www.nakedcapitalism.com/?p=25088#comment-629363please, you are not helping. i bet you even think edward mandell house was really a colonel. the only source for this quote i can find in google books is from the book mel stamper, fruit from a poisonous tree, which claims this quote is from woodrow wilson’s personal papers but with no attribution. in fact, the book has no bibliography. until shown otherwise, i can only conclude that, not that differently from the latest “robo-settlement” (h/t Mikent)–with its new robo-website created by “no one” willing to take credit for it–said book is, as people used to say, “nothing but a pack of lies.”

attribution! citation! documentation! these are some of the bones of democracy, such as we always thought we had a bit of, anyway. attribution is required, at least on this site, for credibility. libraries, the last i checked (and i know this may not hold for much longer) are free of access to all, and many librarians (remember the occupy libraries, before the evictions?) are passionate about keeping that freedom.

i suggest you do a little research. find that quote in wilson’s papers. contact the woodrow wilson presidential library. you’ll find a librarian willing to help you, i guarantee it. this is a quest worth undertaking. come back here when you’ve got the goods. if you can show this passage exists on actual paper or microfilm thereof, your information will be welcomed here with open arms.

to the history-minded nc readers: can you provide a link to where a u.s. history scholar has established the source or nonexistence of this supposed quotation? is none has, one should. this quote is all over the internet. where’s the verification?

side note: is the level of paranoia in a given society a reliable indicator of its level of collective trust and transparency of officialdom (love that word transparency–has anyone ever actually seen (through) that beast? doesn’t matter–it’s so great for signaling to skeptical progressives that you’re as sophisticated as they are and you “really get” what they’re so upset about).

enough. forgive the rant. i really should not comment here before i have my breakfast and food has soothed the angry beast.

]]>By: Johnhttp://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-629356
Sat, 11 Feb 2012 16:10:29 +0000http://www.nakedcapitalism.com/?p=25088#comment-629356Obama has no intention of doing what is right for the people. That isn’t who he works for. So of course he has to play the game exactly the way he is playing it.

And boy do the sheeple on the Left fall for it. Talk to them. Except for a few souls who follow what he is actually doing, they think he is working hard for them and being twarted by the evil Republicans.

]]>By: oldsoulhttp://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-629221
Sat, 11 Feb 2012 14:08:43 +0000http://www.nakedcapitalism.com/?p=25088#comment-629221To Kris: Your reply explanation that the bailed out private banks are not private and are “government” owned is incisive. Thank you for sharing your insight from your life experience and observations.
We, in the US, have missed this critical point. Our homes are being foreclosed by the government, using the names of banks as a front. Using the banks as a front to take our real estate assets distracts us from seeing the truth: that the banks are the current government. This unifying truth makes sense of the facts that there has been no regulation, no investigation, no prosecution and no convictions for what is just the tip of the iceberg: forged documents (a/k/a “robosigning”) which, if traced, would lead us back to the real party in interest in the property seizures, the real government of the US: the Federal Reserve Bank of New York and its 11 other tentacles spread throughout the nation.
Having lived in the US all my life and having studied our monetary history in detail, I would take your observation one step further and say that it is the banks, through the private Federal Reserve, which are the goverment. They can take what they want, with impunity, because they are the real power of the government. Masked as private entities, this goverment of the banks has heretofore concealed the real identity of the entity committing violations of the US Constitution, i.e. taking of private property through fraud. This takeover of the US government by a private banking cartel has been meticulously planned and executed for over 100 years.
The fraud settlement will ratify the method of the takeover.
Colonel Edward Mandell House, an advisor to President Woodrow Wilson (the President who signed the Federal Reserve Act and the creation of the IRS into law) boldly described the scheme to enslave the USA over the last 100 years: “[Very] soon, every American will be required to register their biological property in a national system designed to keep track of the people and that will operate under the ancient system of pledging. By such methodology, we can compel people to submit to our agenda, which will effect our security as a chargeback for our fiat paper currency. Every American will be forced to register or suffer being unable to work and earn a living. They will be our chattel, and we will hold the security interest over them forever, by operation of the law merchant under the scheme of secured transactions.
Americans, by unknowingly or unwittingly delivering the bills of lading to us will be rendered bankrupt and insolvent, forever to remain economic slaves through taxation, secured by their pledges. They will be stripped of their rights and given a commercial value designed to make us a profit and they will be none the wiser, for not one man in a million could ever figure our plans and, if by accident one or two should figure it out, we have in our arsenal plausible deniability. After all, this is the only logical way to fund government, by floating liens and debt to the registrants in the form of benefits and privileges. This will inevitably reap to us huge profits beyond our wildest expectations and leave every American a contributor to this fraud which we will call “Social Insurance.” Without realizing it, every American will insure us for any loss we may incur and in this manner, every American will unknowingly be our servant, however begrudgingly. The people will become helpless and without any hope for their redemption and, we will employ the high office of the President of our dummy corporation to foment this plot against America.”
IT IS DONE.
]]>By: Klassy!http://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-629153
Sat, 11 Feb 2012 12:47:50 +0000http://www.nakedcapitalism.com/?p=25088#comment-629153Bingo.
The Obots display a strong authoritarian streak too.
]]>By: Fiverhttp://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-629035
Sat, 11 Feb 2012 09:58:33 +0000http://www.nakedcapitalism.com/?p=25088#comment-629035I was deeply suspicious of Obama’s enthusiasm for the original bailout (among other things), but it was appointing Geithner that sealed it in my mind – game over for WS reform in the first 5 minutes of the match.

Supposing Geithner is not leaving because he thinks it’s going to blow in the second term (I think it is), and believes the US recovery is assured, I don’t think he’s hanging it on only the reasons cited. I think we’re going to see a relative strength based rise that he (and orthodoxy) will mistake for confirmation of the “first to react, first to emerge” theory with a boost from the Fed this year. But it just won’t have the kick to pull up the global economy, and without that, it’s D-2.

]]>By: AGKhttp://www.nakedcapitalism.com/2012/02/what-the-mortgage-deal-reveals-about-the-obama-administration.html#comment-629010
Sat, 11 Feb 2012 09:08:50 +0000http://www.nakedcapitalism.com/?p=25088#comment-629010You better get rid of this cocksucker and deal with the pseudo-banks before they get vaporised.. literally.
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